Independence Trust Company in Franklin, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Independence Trust Company in Franklin, Tennessee (TN)
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Independence Trust Company - Overview

  • General
  • FDIC Certificate #: 34553
    Status: Active
    Federal Reserve ID: 2569387
    Date Established: January 09, 1997
    WWW: http://www.independencetrust.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 17965
    FDIC's unique #: 59060
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: March 15, 2004
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 325 Bridge Street, Franklin, TN 37064
    County: Williamson
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Nashville, TN (#5360)
    Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
    Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
    CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $3.6 mil
    Equity capital: $3.0 mil
    Deposits held in domestic offices: $0.5 mil
    Return on assets (ROA): 4.59% ($0.2 mil)
    Quarterly return on assets: 7.74% ($0.3 mil)
    Return on Equity (ROE): 5.72% ($0.2 mil)
    Quarterly return on equity: 9.71% ($0.3 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 7.26% ($261.7 mil)
    Quarterly Pretax return on assets: 6.98% ($251.6 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $3,604Total assets
  • $558Cash and due from depository institutions
  • $558Interest-bearing balances
  • $1,930Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $772Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $3,604Life insurance assets
  • $344All other assets
  • $644Total liabilities and capital
  • $500Total liabilities
  • $500Total deposits
  • $500Interest-bearing deposits
  • $50Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $144Subordinated debt
  • $2,960All other liabilities
  • $2,960Total equity capital
  • $2,960Total bank equity capital
  • $0Perpetual preferred stock
  • $2Common stock
  • $2,233Surplus
  • $725Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $9Long-term assets (5+ years)
  • $2,488Average Assets, year-to-date
  • $1,757Average Assets, quarterly
  • $3,570Volatile liabilities
  • $3,667Insider loans
  • $1,342FHLB advances
  • $3,655Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,902Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $82Total interest income
  • $12Total interest expense
  • $70Net interest income
  • $0Provision for loan and lease losses
  • $1,983Total noninterest income
  • $1,914Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $69Additional noninterest income
  • $1,798Total noninterest expense
  • $1,264Salaries and employee benefits
  • $79Premises and equipment expense
  • $455Additional noninterest expense
  • $255Pre-tax net operating income
  • $4Securities gains (losses)
  • $95Applicable income taxes
  • $164Income before extraordinary items
  • $0Extraordinary gains - net
  • $164Net income attributable to bank
  • $0Net charge-offs
  • $164Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $75Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.37%Yield on earning assets
  • 0.49%Cost of funding earning assets
  • 2.87%Net interest margin
  • 81.40%Noninterest income to earning assets
  • 73.81%Noninterest expense to earning assets
  • 4.52%Net operating income to assets
  • 4.59%Return on assets (ROA)
  • 7.26%Pretax return on assets
  • 5.72%Return on equity (ROE)
  • 3.10%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 87,579Assets per employee
  • 0.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.73%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 82.13%Core capital (leverage) ratio
  • 79.40%Tier 1 risk-based capital ratio
  • 216.24%Total risk-based capital ratio
  • Memoranda
  • $216Average assets
  • $3,570Average earning assets
  • $2,866Average equity
  • $2,436Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $508,443Managed Assets
  • 1Number of Accounts
  • $499,514Personal trust and agency accounts
  • $328,893Employee benefit-defined contribution accounts
  • $67,680Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $7,733Corporate trust and agency accounts
  • $1Investment management agency accounts
  • $95,207Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 746Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $8,929Other retirement accounts
  • $0Corporate trust and agency accounts
  • $5,804Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 1 Tennessee Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    059060Independence Trust Company325 Bridge Street, Franklin, TN 37064January 09, 1997Full Service Brick and Mortar

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